Feride İnan

05/09/2016

The G20 leaders annual meeting is being held in Hangzhou. The city holds significance for its natural beauty – heaven on earth as the Chinese describe it – and for being the hometown of Alibaba, China's world famous e-commerce company, a symbol for Chinese transformation from the world's factory to a high-tech economy.

Feride İnan

18/08/2016

A backload of issues will be addressed at next month's G20 Leaders' Summit in Hangzhou, East China's Zhejiang province. At a time when the world economy is struggling to recover from global financial crisis, still showing a low growth trajectory and high unemployment..

“Building New Global Relationships: New Dynamics, New Vitality, New Prospects”

This year’s T20 Summit held in Beijing on July 29-30, 2016 brought together more than 500 experts from twenty-five G20 and non-G20 countries. Participants discussed policy options to provide input to the G20’s strong, sustainable and balanced global economy agenda ahead of the leaders’ summit in Hangzhou on September 4-5, 2016...

Ayşegül Aytaç & Ussal Sahbaz

16/03/2016

The gap between male and female participation in the labor force, youth unemployment, and shortages of skilled labor are just some of the global issues of significance discussed during Turkey’s presidency of the G20.

China’s G20 Year and the New Paradigm: Emphasis on Global Governance Pointing the Way to 2017 and Beyond

24/01/2017

The report sheds light on the G20 agenda under Chinese leadership in 2016

The media launch of the report “China’s G20 Year and the New Paradigm: Emphasis on Global Governance Pointing the Way to 2017 and Beyond” was held at the Chongyang Institute for Financial Studies, Renmin University of China (RDCY) in Beijing on December 22, 2016. The event began with introductory remarks by Chen Xiaochen, Deputy Director of RDCY Department of International Studies followed by keynote remarks by Wang Wen, Executive Dean of RDCY. Feride Inan, the report’s author, TEPAV Policy Analyst and RDCY visiting fellow, presented the report that sheds light on the G20 agenda under Chinese leadership in 2016 and on where China and the G20 stand in terms of their role in global economic governance. Based on this analysis the report offers a number of recommendations for the German G20 presidency in 2017 and beyond.

The gap between male and female participation in the labor force, youth unemployment, and shortages of skilled labor are just some of the global issues of significance discussed during Turkey’s presidency of the G20. Although the G20 has committed to reducing the gap between male and female participation in G20 countries by 25% by 2025, there is no such G20 target for youth unemployment, which reached 13.1% globally in 2014. Moreover, across G20 countries it is projected that 15% of youth will be permanently left out of the labor market by 2025. For this reason, in order to integrate especially younger people into the labor market and also stimulate innovation, a significant number of countries are seeking to ameliorate these problems by launching specific visa programs for entrepreneurs.

The Hangzhou Summit set an ambitious task: transforming the G20 to lead the world economy.

The G20 leaders’ communique delivered at the Hangzhou summit in 2016 provides a framework to give a new direction to the world economy. The communique’s most unique significance is that it reflects diversity of voices and interests of developed and developing economies, in and outside of the G20. Previous communiques had been shy of reflecting the diversity of opinions in a body that represents 85 percent of global output, 80 percent of global trade, and two-thirds of the world’s population. The present communique, however, is in no way shy about addressing such diversity, which allows for in-depth engagement with multiplicity of issues. In this sense, the G20 caught up with and exceeded the scope of vision presented by other global economic governance bodies including the G7.

The G20 leaders annual meeting is being held in Hangzhou. The city holds significance for its natural beauty – heaven on earth as the Chinese describe it – and for being the hometown of Alibaba, China's world famous e-commerce company, a symbol for Chinese transformation from the world's factory to a high-tech economy. Indeed, the Global Innovation Index(GII) 2016 released this month, placed China in the top 25 among 128 countries to become the first middle-income economy to join this group.